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with the oracle chairman and ceo larry ellison coming up. i'll see you tomorrow. >>> and it is 4:00 on wall street. 1:00 p.m. in san francisco. do you know where your money is? hi, everybody. welcome back to the "closing bell." big reversal of fortune in the final hour of trading. i'm maria bartiromo. here's what we're following at the close. mixed market on wall street today. the dow climbing 52 points early in the trading session giving back all those gains and them some, but coming back by the close. the nasdaq closing in the green due to a big late day gain by apple. a complete reversal there as well. the dow jones industrial average closing down just about 30 points after coming back from that early day loss. what should you do? what do you make of another late-day swing? a trio of top strategists will be weighing in coming up in the program. then a rare and exclusive interview for you with larry ellison. the stock has been on fire. we have so much to get with him, including if oracle is looking to do more deals. plus, his take on apple's future without his close friend steve jobs. and interv
" today. i'm maria bartiromo coming from you live today from oracle, the open world conference in san francisco. we have the interview you've been waiting for on the horizon. don't miss my interview with oracle ceo larry ellison. we have his take on oracle's future, how he's making a splash in and out of the executive suite and of course the economy and business in america as well as globally. we're going to talk with him at 4:30 p.m. eastern. before that, we have some heavy hitters coming up, including the former yahoo! ceo and the coca-cola ceo. all of a that coming up in the program. meanwhile, let's get back to the markets. we have a double-digit decline. in fact, it looks like the dow is on track to close lower for the sixth time in eight trading sessions. the dow jones industrial average now at 13,436, a decline of about 0.5%. if we close lower today that, would be the sixth decline in the last eight trading sessions. a bit of worry about earnings on the trading horizon, as we are expected expecting the stream of earnings to take effect. weakness in apple today. it is about 5% o
of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today d
oracle headquarters in san francisco, where i'll be speaking exclusive by with oracle president mark hurd later on in the program. hope you'll stay tuned for that. >>> meanwhile, we've got to talk about this big rally. i have to ask hurd what he makes of this market. for whatever reason, it keeps going higher. >> yeah, whether that has something to do with corporate earnings, we will know soon enough, momm maria. the dow was up 163 points at one time today. at the high of the day, the big gains coming before investors took in fed chairman bernanke's comments this afternoon we've all been talking about. we will have reaction to that address in the q&a session plus the outlook for the last three months of the year in just a moment. first a look at the major averages. a rally on the open this morning, mainly on the report that manufacturing started to grow again for the first time since may. construction spending was not great. that may have taken some of the sheen off this rally today. the dow up. 117 points right now at 13,555. the nasdaq's up 5.25 points. well off its high set in the open
the disease. >> giving home to migraine sufferers, the remedy that is getting positive reviews. >> and oracle addresses the masses. what he shared ,, -those other store cards... -...preferred shopper... ...club...things... ...kept sending me coupons for cat food. i'm just not a coupon clipper. i buy what i want to buy. can i get a reward for that? [ frank ] introducing something extra from raley's, bel air, and nob hill. you get something extra rewards... ...for the way i shop... for buying the things i like. instant offers, points balance, right here on my smart phone. [ frank ] join today at raley's dotcom, or at your store. ...it rewards you... for being you. [ frank ] raley's, bel air, and nob hill. for food, for family, and now, something extra -- for you. today, we're forty-seventh, out of fifty in per-pupil funding. vo: for years, sacramento politicians have chopped away funds for our schools. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to
dedicated performer. the story ahead and plus a portion of san francisco is now oracle world. the company's big convention could cause some big headaches if you are trying to get around downtown. that story ahead. and the heat will peak [ woman ] ring. ring. progresso. your new light creamy potato with bacon & cheese soup says it's 100 calories a serving. that's right. in what world do potatoes, bacon and cheese add up to 100 calories? your world. my world. ♪ [ whispers ] real bacon...creamy cheese... [ whispers ] 100 calories... say it again... [ whispers ] 100 calories... ma'am, hello? ma'am? [ female announcer ] find progresso light for a great price today at your local safeway store. right now in san francisco the keynote speech of the oracle world open world conference. it's being held at the moscone center. part of howard street is close today traffic and several muni bus lines are expected. the conference is expected to ail tract about 50,000 people and generate an estimated $120 million in revenue for the city. oracle open world runs through thursday. >>> pop star justin bieber
little to hinder the movements over the years. >>> oracle's opening world will open off monday. it's expected to raise over $100 billion. cbs five with the potential delays on the road. let's go back to services go where once again we have oracle (world. we have a number of street closures in that area. our street issued down between third and fourth. this is causing pretty bad delays. it will continue until the middle of next week. we have not walked to end all summer's going on this morning. it is over at michigan creek park. a kicks off the 8:00 a.m.. the walk starts at 930. there will be some street closures. the shuttle street is a showdown between third and fifth. you can get all the latest traffic information on our website. have a great weekend. good day to ditch our cards and head down south. this sequel of armageddon. crews are rebuilding a bridge, trying to upgrade the nation's largest car pool lanes. coming up in sports, oakland stays ahead of the game in the wild-card race. in a high-school student and a). why people are calling her a hometown hero. a new device that h
there may be a gas odor in the area. >>> howard street is closed through thursday. oracle's ceo kicked thins into high gear last night. lilian kim says he promised the fastest data processing yet. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional databases. he announced the oracle private cloud which can be kept behind the customer's own security firewalls. then the x-3 designed to store all databases in memory can >> if you thought the old datas were fast you ain't seen nothing yet many >> reporter: his keynote address was his first of two scheduled speeches. 50,000 registered for oracle's 30th annual conference. some say while the devil is in the details, they did like what they heard confidentiality is very important. therefore, giving us the infrastructure that we could have in
the carmageddon 2 project >> oracle's 30th world open user conference is underway. larry ellison is at the mike. he is expected to announce a major change in oracle's database business. specifically oracle will introduce their new 12-c database. the conference runs through wednesday. a serious accident in san francisco, it happened just before nine this morning at-battery and green street off the embarcadero. one car flipped on to its ruth. rescue crews cut the person out of the vehicle. at least one person was taken to the hospital. the so-called carmageddon 2 in los angeles is going off without a hitch. well, almost. take a look at this. a huge piece of the bridge being demolished suddenly fell. workers had to high tail it out of there in a hurry. luckily no one was hurt. the closed ten-mile stretch of 405 freeway is on schedule to reopen early monday morning. >>> just ahead, the big delivery the post office will not make tonight that could get it in some hot water. and two northern californians are big winners in the lottery. where the winning tickets were bought. and plus the excessive heat
90 days before things took effect and justify to students why hikes were needed. >>> oracle just about to unveil the next generation of its top selling data base. we're live right there. this is the oracle open world event in san francisco. now, oracle ceo larry ellison will be introducing the database designed for cloud computing. you can see the roads are blocked off and the security guards are there. what's going to happen is the first new version of this in five years. oracle will be showing off and introducing some of the high end servers as well. the systems are designed to handle corporate data more officially. that's later in san francisco. >>> you may want to leave the house a couple minutes earlier than usual to get a free coffee on your way to work. 7-11 is giving away a large coffee or latte between the hours of 6:00 and 10:00 a.m. they call this cof-free day. several other food chain across america, including krispy kreme are offering free coffee. to pam, sal, steve. >> i may be able to make it in there before 10:00 a.m. rush over to 7-11. >> that's right. you can al
nicely into san francisco, oracle open world will have streets blocked howard street, blocked between third and fourth for rest of the week expect delays south of market in that vicinity. southbound 17 earlier stall at summit blocking right lane, out of lanes coming into san francisco, stall 101 at 80 split, might be finding slowinging there. with all events, america's cup starting tomorrow, fleet week later in the week, hardly strictly bluegrass, waze app would be a great way to get around san francisco slowing through lombard coming into san francisco from the bay bridge. abc7news.com/waze for this free app that will help you get around some of these traffic jams. >>>:09. >>> children and television, the new research that says leaving the tv on in your house can be harmful to young ones. >> could there be a shortage of diapers? the disaster half a world away that may impact global supply. >>> hotel attack. serious accusations actress lindsay lohan is making i moved to new york to work in fashion. i came here with just a suitcase, maybe two. and luckily i found an apartment just thre
have to keep current not just on old stuff. oracle makes software that does credit card to airline and hotel reservations, oracle world runs through thursday. >>> another ban, not just grocery shoppers who will byob. >>> walking for a cause while making a point. why a grass-roots vo: for years, sacramento politicians have chopped away funds for our schools. today, we're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. >>> attention san francisco shoppers, bring your own bag or it will cost you. starting tomorrow a citywide ordinance banning the use of plastic bags will go into effect for all retail stores. currently the ban only effects large super markets and pharmacies. don't have a bag? well, you will be charged 10 cents for every paper
. >>> tens of thousands of people are decenting on san francisco for the oracle conference. >> here's sunny hostin with america's money report. >> reporter: good morning. cyber attacks on u.s. banks, websites of some of the country's biggest banks undenial of service attacks where hackers launch barrage of traffic overwhelming the sites a middle eastern group is believed to be responsible. cried owl places up ly after israeli prime minister benjamin netanyahu issued stern warning about iran's nuclear program. the nation's four largest auto rental companies are agreeing they won't give customers cars that have been recalled but not fixed. the four companies say she will support legislation to legally enforce the prop. prices for apple going up because of -- prices for apples going up because of crazy warm weather. i'm sunny hostin. have you heard of the new dialing procedure for the 408 and 669 area codes? no, what is it? starting october 20, 2012, if you have a 408 or 669 number, you'll need to dial 1 plus the area code plus the phone number for all calls. o.k., but what if i have an 408 nu
will tell you where you can meet oracle's crew and get a rare glimpse of the oldest trophy in international sports. also next the nobel prize winner that brought her message of peaceful political resistance to the bay area this weekend. let's step out and take a live look at the embarcadero from our roof cam at the studios. as lisa was saying, it doesn't look like we will have a warming trend, but we are going to. and i mean warming. lisa will have the forecast in >> 5:39 exactly on this saturday morning. looking at a live picture from the golden gate bridge. lisa arrangen is telling me if you want to keep it cool today, obviously that's a good place to be in that general area. upper 60s, mid-to upper 60s and that fog is going to be getting out of the way midday. a lot of plays to choose from. lisa will have the forecast in a little bit. the burmese opposition leader who spent nearly 15 years under house arrest is making her first visit to the bay area. about 9:00 this morning they will take part in a town hall style meeting at the war memorial gymnasium. yesterday she addressed an audience
. in livermore, nick smith, ay7 news. >> coming up, the annual oracle user conference starts tonight at the moscone center. >> and also a piece of history buried below the streets of san francisco. we will show you the unusual find. >>> and here is a live look from our emeryville hd camera. it's going to be in the low 80s in emeryville today. lisa argen will have more on that and your forecast in just a few minu ah. fire bad! just have to fire roast these tomatoes. do you churn your own butter what? too? this is going to give you a head start on your dinner. that seems easier sure does who are you? [ female announcer ] new progresso recipe starters. five delicious cooking sauces you combine with fresh ingredients to make amazing home-cooked meals. ♪ ambiance [ female announcer ] new progresso recipe starters. your head-start to home cooked. >> welcome back, everyone. it's 5:39. hope your early sunday morning is off to a good start. this is a live look from our roof cam hd showing you the embarcadero and the bay bridge there. san francisco should be nice today. eventually
an opportunity to save as much in energy costs. in livermore, nick smith. >> coming up, the annual oracle user conference starts tonight at the moscone center. find out who is bogey to welcome the attendees this evening. and also a piece of history buried below the streets of san francisco. we will show you the unusual find. and here is a live look from our roof cam, showing the flag waving in the background with the bay bridge. it is a spare the air day on this last day of the month. lisa argen will have your forecast in >>> an unusual find in san francisco. part of the old city hall destroyed by the big quake and fire more than 100 years ago just recently turned up. crews discovered the ruins on fulton and hide streets about two blocks from where the current city hall now stands. >> people who central along the sidewalk by san francisco's civic center probably have no idea that below them is a piece of the past. when the great quake of 1906 struck, it left the magnificent city hall in ruins. it's dome became a symbol of the disaster. now crews have made a historic find, remnants of the old s
. >>> a good week to be here in the bay area. oracle world, fleet week, america's cup, everyone wants to hang out even these guys. a pair of frolicking humpback whales. our nbc chopper spotted the pair today hanging out near the surface and spouting off. the whales swam around for a half hour. got a good look at the san francisco skyline and headed back out to sea to continue their migration past the golden gate bridge. >>> an unusual and slow moving sight. >>> a simple step that could have serious health benefits. >> i'm scott budman. take two for a tech giant and the new tablet computer and second act for a famous squatter who now has a company of his own. that's next. ♪ just put a little bit of yourself ♪ ♪ in everything you do [ female announcer ] add your own ingredients to hamburger helper for a fresh take on a quick, delicious meal. it's one box with hundreds of possibilities. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> a lot going on in the tech world including another shot in the tablet wars. this
are oracle team usa, second oracle team, by russell cuts. and the team known as pirana and sword fish, team korea, energy team, arnamit white, red. and jq morgan and the china team and so we look forward to welcoming them all back into town and on to the great bay. very exciting. as i mentioned we will be holding fleet week at exactly the same time. flee week will be october 3 to the 8th. so it will begin officially a day after the practice session for the america's cup. fleet week was started in 1981 and has a long tradition here in san francisco. it was started by mayor diane finestien and it is the third year that it is used not just to celebrate the men and women in the military services but also to bring together leaders from around the bay area and the federal agencies with the state agencies and the local agencies so that in the event of a disaster, situation, or an imagine situation, we have met each other and compared notes and we have a working relationship, and that was a vision embraced or created by general michael myatt a retired general who heads our fleet week committee and
and bakeries next year. >>> san francisco mayor ed lee is scheduled to make welcoming remarks at oracle's 2012 conference tonight. more than 50,000 people are expected to tearnldz the event -- attended the event in san francisco. oracle's c.e.o. is expected to announce a revamp of the company's database system at that event. oracle is also expected to reveal new servers for computing. >>> you may want to check the status of your flight if you're flying out of san francisco international airport today. one of the primary runways is closed and that could cause some delays. this is the final weekend of the runway closures for work to install new lights and safety features. airport officials say air traffic should return to normal by tomorrow morning. today is a spare the air day. officials are asking people to avoid driving or using gas powered equipment in order to cut down on unhealthy air pollution. people are also being asked to take public transit or use other alternatives such as carpooling. >>> so if yesterday you're thinking to yourself the weather is great but would like it a smidge warm
oracle conference starts tonight. find out who will welcome the thousands on hand. also, a piece of history buried below the streets of san francisco. we'll show you the unusual find. >> and here is a live look from our roof cam showing you a bit of the embarcadero and looking out towards the bay bridge. beautiful day on tap, rapid warmup and a heat wave. lisa argen will have your forecast in just a few "and what's your name?" "oh, it's flo." "and what do you do?" "oh, i sell insurance like no one else." "oh, that's nice." "thank you." now, that's progressive. call or click today. >> carolyn: paradise by the bay also known at san francisco. it is 9:40. last sunday in the month of september. we appreciate you getting up and watching the abc7 sunday morning news. beautiful day on tap. lisa argen will be along with a full accu-weather forecast. >> an unusual find in san francisco, part of the old city hall destroyed by the big quake and fire and after demolition more than a hundred years ago. crews discovered the ruins about two blocks where the current city hall now stands. >> peop
to face president oe be ma. >>> oracle's open world 2012 has kicked off. what larry ellison debuted at today's event. >>> as residents fume on the latest fire in richmond, we learned lawmakers are getting ready to make a pitch to the refinery. the project at stake. >>> many people living in richmond have been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city will reach out to chevron hoping that the oil company will help revitalize the area. the city council is expected to make that request later this week in a story you will only see on 2. >> reporter: look in downtown richmond and you will see the signs, richmond welcomes lbnl. a major gift that the city wants to build upon with chevron. >> we're urging chevron to help create a research campus in richmond most particularly at marina bay because that's where berkeley labs are coming in. >> reporter: tom butts says the idea is with lawrence berkeley labs and chevron marina bay could become a mayor green tech center instead of what it is. a collection of empty office buildi
at the conference and to deal with oracle. they're looking to give oracles customers access to its growing map locations. they are expanding the company's mapping services which will compete with google maps. oracle is calling the move an easier way to get customers to use nokia's maps. we will see. >> i want to say people have been complaining about the apple mac, i use them twice this weekend. turn by turn series or whoever was talking to me i liked it. it was better than my car. i live a care we're two minutes opening away from opening bells. we will be back of >> opening bell on wall street on this first trading day of the first fourth quarter. i'm also feeling pretty with estee lauder ringing in the bell at the new york stock exchange. the year rosellen law of the best third quarter since 2010. the beginning of the last three months trading of this year there up 72 points. also out of washington we are waiting for word from the supreme court as to whether or not they're going to hear the case on a prop 8 putting out the list of cases they will not hear. if they do no >> today the weather
'll be back on one of the boats. tomorrow we'll be with team korea. we want to thank oracle's jimmy spittle or the taking us out the first time in august. it's going to be a busy weekend, but it's going to bring all kind of attention. they may be anticipating the largest crowd ever to see one of these races in north america because of all the events here in san francisco this weekend. and the racing will continue through sunday. let's show you a little bit right now as to what was out on the bay today. ♪ the america's cup world series is back on the bay for another week of racing with match racing qualifiers set for wednesday as the action continues through to the fleet racing finals on sunday. tuesday practice sessions were just part of the scene as the skippers from all 11 teams came together, and nine of them looking to challenge oracle team usa which took top honors in the match racing and fleet racing competition in august right near san francisco. the skippers for oracle team usa are certainly feeling at home here in the bay area, and are looking to build on their summer of success.
. >>> or wall world brings in 50,000 to -- oracle world brings in 50,000 that -- the show expected to help pump 120 millions into the local economy and will coincide with america's cup racing world series -- a lot of people coming to town for that and what is going on, on the bay they will want nice weather. >>> it seems no matter what you got a breeze on that bay you are never going to let down a sailboater. >> the weekend will have a breeze will challenge them. right now a look at some of the cloud cover, fog creeping across san francisco as we look to the east from mount sutro. live doppler in search of patches of wet weather this morning, live doppler not seeing any of that wet weather because it is not there. fog made of mist hanging in the air not falling. let's talk about temperatures, dress for 40s north, still upper 40s santa rosa napa, latest temperatures around the rest of our neighborhoods 50 antioch at 60, locally dense none ray bay and inland mid 50s here. sunshine about an hour slower today, patchy fog possible again tonight excessive heat this weekend will spread to the coast pr
on same-sex marriage. it could be heard sometime in november. >>> oracle world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements including the unveiling of the oracle data base 12c. >> be my guest. it is the first multi tenant database in the world. >> it has been in development for more than four years, and it is supposed to be vastly more efficient than traditional databases. and there is the private cloud that should be kept behind the fire walls. >> if you thought the old ones were fast, you ain't seen nothing yet. >> it was his first of two scheduled speeches at open world. about 50,000 people registered for the user conference. some people we talked to say while the devil is in the
to face president oe be ma. >>> oracle's open world 2012 has kicked off. [ male announcer ] this is the opposite of subliminal advertising... there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver. only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> many people living in richmond have been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city wi
. >> oracle 12 c is the foundation for an ex panning business -- expanding business. it is the software foundation of the oracle cloud. >> oracle world runs through thursday. >> no legislative release for the states 200,000 domestic workers. vetoed legislation that would have provided overtime and other protections to an estimated 200,000 care givers, nannies and house cleaners. he rejected it because he believes the bills raises a number of unanswered questions. >> parents who don't have their parents vaccinated must have a doctor's note to enroll their students into school. opponents including actor rob snyder say it should be a parent's choice and many doctors won't sign the waivers. vaccines can prevent lifelong injury and death. >>> california is the first state to ban a controversial therapy aimed at making a gay minor become straight. governor brown signed the bill saying it bans not scientific therapies that have driven young people to depression and suicide. the ban is an infringement on parent's rights to provide psychological care for their own children. >>> a new poll shows
and this is set to open in 2014. >>> the open world oracle conference is expected to open and 50,000 people are going to be at the event. now ceo larry ellison will give a major speech about social media at 2:45 this afternoon. the oracle conference will run through thursday. >>> time now 6:26, sal, what do you see out there? >> it is getting more crowded and if you are drive around the -- driving around the bay area, it is not a huge crowd. we'll see some slowed traffic, 680 getting out from pleasanton heading south, it doesn't look too bad. quick weather with steve. >>> very quick, no breeze yet, it will be warm to hot. 70s to near 100 degrees, we will talk about that coming up in about seven minutes. >>> a somber day in albany, how teachers and students will be remembering a one time popular educator and coach. >>> a two alarm house fire in vallejo -- excuse me, three- alarm fire in vallejo, we will tell you why they say they were able to get out unharmed. >>> plus the opening bell is about to ring on wall street, pam will have your early stock numbers. ♪ [ male announcer ] the first l
street is closed between 3rd and 4th because of the oracle conference. and police advise patients for those in cars that will be trying to get home. and i'll be back at 6:00. >> keep in mind you can navigate around critical mass by using waze. >> you can down load it for free from our web site. >> might come in handy in los angeles right now. there is a carmeggedon 2 will be beginning. closed for a construction project. a similar shut down last year was the original carmeggedon. >> and caltrans is reminding bay area drivers that the bridge will be closed next month and there is the bridge closing from 10:00 p.m. to 5:00 a.m. the following monday. and there be replacing roadway. >> a new law will make buying an electric car more affordable. it allows to use charging stations into the loan. >> an effort urging the governor to veto a controversial vaccine bill there are most doctors are concerned and al rallying against ab 2109 requiring parents who don't want their kids vaccinated to receive a written waiver. >> a governor sign aid bill into law giving students access to electric ve
software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that qualify will receive payments by next march. >> tom: the early optimism by investors and traders faded throughout today's stock session with the major indices ending mixed. the s&p 500 shot up to its highest price of the day just after 10 a.m. eastern time on the heels of the better than expected manufacturing data. but prices trended lower throughouthe session, ending up 0.3%. trading volume was 671 million shares
mapping service to oracle customers. they bought the maker four years ago to compete with google maps. they are struggling in the cell phone market. the announcement came on day two of the huge oracle conference in san francisco. a new version of the database, they call it my sql5.6 release. it will help users meet the application requirements. >>> a policy making body got a start today. wage theft includes ignoring minimum wage laws. it was a chance to create a task force. >> make sure we are enforcing the law as much as we can. not something that has been done. but i think if wage theft is going to end, it should end in san francisco. >> wage theft is prevalent in the city. they found half of all restaurant workers do not get minimum wage. >>> commuters will see more rail service because of ridership. cal train added two new trains today and restored four others. ridership reached a high in june resulting in packed trains. they will add two new trips between stockton and the south bay and a bus line will run more frequently. >>> it is a text book case, hackers attack, using schools
themselves on route 1 in california thanks to google. >> take a look at shares of oracle, surging today on the first day of its open world conference. it's up 1.6%. really nice, strong gain, bucking the trend amongst its peers, as well as a broader market. one of those ipos going to hit the market workday. that's a cloud play, expected to be a hot ipo. in fact, people are already estimating that revenues will hit $1 billion by 2015. so workday is that ipo. could be in oracle's back yard in terms of competition. >> i find it amazing. oracle's application growth was nil. and there frankly is not -- the growth tends to be acquisition growth. and people love it. they don't look through the numbers. one of the frustrating things for the purists is there wasn't a lot of growth in oracle and the stock didn't get hit. this is a remarkable time, guys. here you don't have the classic what you want to see from tech, which is good revenue growth and no one seems to mind. >> i think in certain companies, investors are willing to look past. that's oracle, that's amazon, a number of them. and they're
2.3 billion in cash. results after the bell. back to you. >> oracle ceo larry ellison is one of the richest men in the world of course worth more than $30 billion, but he's doing some things that have really caught the eye of our wealth editor robert frank. robert? >> that's right, tyler. when we come back, why is larry elson, a man as you said worth more than $30 billion, borrowing so much money? and should shareholders be concerned with all his spending? we'll have more when we come back. low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-
a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to ask for any government assistance? >> i think they're certainly going to try. but in terms of their market, it will be highly diluted, so it depends on how well it goes down with investors. the stock should open up in about ten minutes time. we've had a couple brokers lower their price. they also have also announced that they plan to see a capital increase of around 2 billion euros as a result of divest hims. it's actually lack of clarity on the details of that that have resulted in a lowered estimate for the share price. as you mentioned, record provisions this year. they
there not in the meter in my son gets adequate with oracle and world for the middle of next week so once again the of the street closures south of market. do weights this is down a santa clara. no word yet on and that the injuries the hydrogen by the way has been cast a man suspected of raping a woman at gunpoint is in custody the victim told police she was walking around the world street in vallejo september 10th when the attacker approached her from behind. he threatened her with a semiautomatic handgun before raping her. police arrested him not far from the crime scene the bridge toll collector faces several charges including rape and kidnapping the man behind the protests and riots in the mission district will be in court today 22 world was shot by an officer last week investigators say they pulled a gun on off the stern the parolee was allegedly planning to commit a gang-related killing the 19 shots he shooting prompted several days of 83 demonstrations. to equate a mass of marijuana girl has been uncovered in the north then spread throughout the entire sandras the neighborhood and it was
firsthand today. we will tell you where you can meet oracle's crew and get a rare glimpse of the the oldest trophy in international sports. also ahead, the nobel prizewinner who brought her message of peaceful political resistance to the bay area this weekend. a live look from our camera. you can't see everything we wanted you to see because we have so much fog but it's not going to stick around. i don't think it's going to stick around anywhere in the bay area, right, lisa? it's all going to be gone at some point, sooner than later in other places and lisa will put that into som [ male announcer ] the magic of nature blooms in every seed, in deep red apples and in each golden bead. it blends into a perfect crunch you'll savor, giving us the most perfect lesson in flavor. nature valley, nature at its most delicious. crispy granola, layered with creamy peanut butter or rich dark chocolate flavor. 90 calories. 100% natural. and nature...approves. granola thins. from nature valley. nature at its most delicious. >> the burmese opposition leader who spent nearly 15 years under house arrest is ma
. it could be heard sometime in november. >>> oracle world world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements including the thea base 12c. >> be my guest. it is the first multi tenant database in the world. >> it has been in development for more than four years, and it is supposed to be vastly more efficient than traditional databases. and there is the private cloud that should be kept behind the fire walls. >> if you thought the old ones were fast, you ain't seen nothing yet. >> it was his first of two scheduled speeches at open world. about 50,000 people registered for the user conference. some people we talked to say while the devil is in the details, they did like what they heard
as door man. >> hardly -- also the hardly strictly bluegrass festival in golden gate park, oracle open world, private pearl jam concert on treasure island, italian heritage parade and castro street fair, giants in the playoffs and 9ers home. >> you can navigate around all these events or your usual traffic jam with waze, abc7's free traffic app, waze will reroute you around any major issues. you can download it free from abc7news.com/waze. if case you are planning your weekend when to watch the giants they will open up their playoff at home saturday against either cincinnati or washington. with all those events going on the whole weekend will be a lot of traffic. >> and a lot of fun if you can hold on 24 hours maybe even a little cooler. here's mike. >>> things will change drastically, starting tomorrow as we get deeper into the week. morning for now nearly calm to light east wind at hayward three miles per hour light wind out of the south at three concord just a breath south of the southwest at fairfield at three that is one of the reasons why we are going to have heat once again high
oracle customers some of the access to their mapping products, so we'll continue to watch that, and you know mapping has been such a big deal as apple has had such a hard time with the iphone 5. this is something interesting that nokia's doing along with oracle, and they've made some other deals with groupon and amazon. another thing with nokia, you can sees the higher today. the consulting and outsourcing group accenture has brought some internet protocol television assets from nokia, so this is something we'll continue to watch, and this will bolster the video capabilities of accenture, so two pieces of news featuring nokia, but as i noted, that is nearly an 8% gain for this mobile phone company. certainly a big move on a day where we do have a rally, which we've lost some of it, but a great move for nokia today. pack to you. ashley: thank you very much, nicole. let's go out to the cme and sandra. take it away. >> reporter: hey, ashley. well, some of your biggest movers on the cme today were in the energy sector. take a look at natural gas prices jumping 5 president on the session. we
this ban. >>> what's still ahead for the estimated 50,000 attendees at the oracle world conference in san francisco. what appears on the surface to be an understated example of unequaled american achievement, is actually an extremely sophisticated apparatus of goodness and flavor, bonded together by a perfectly aged, all natural, tasty... gooey... blanket of love. >>> the you city of -- the city of richmond is set to reach out to chevron. this follows weeks of criticism after the massive fire at the refinefully august. the city wants chevron to help create a research campus at the marina bay. city council believes this could be a green tech center. >> i mean, chevron has sort of acknowledged that -- in a number of ways that -- that they want to increase their presence in richmond. >> the city council is expected to make their request tomorrow. chevron has said it is not in a position to make any long-term investment decision until a plan to modernize it is successfully submitted. >>> pg&e crews want to warn people of possible odors say near highway 280 and edgewood road. and this is part
. >>> today's day three of oracle's world conference. now, ceo, larry ellison, will be delivering the keynote speech about cloud computing and social media. this runs through thursday. >>> they will be outside. more hot weather a's. it may even be -- ahead. it may even be hotter today. up next, steve paulson will have the forecast for your area. >>> and it's pretty slow in the south bay right now. i will give you an update on that commute. ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt, right? 'cause we shouldn't really help with your love life. yoplait. it is so good! >>> sexual assaults are on the rise around the uc berkeley campus. that's according to a new police report. uc campus police say 24 cases were reported last year compared to only four in 2
their mapping service. they're announced that they're working closely with oracle, a deal that we'll probably learn more about later in the day according to the wall street journal they've been working hard on signing up mapping and location deals not only with oracle, but amazon and the mapping services will come and give oracle access to the mapping services and what nokia has been saying and this is a big one we'll continue to follow. and i see the dow soaring up 150 points. do you know what the only loser in the dow 30 is. stuart: i know what it is, i'm there already. and you tell the world, go ahead. >> microsoft. and stuart will now give his disclosure, stuart. stuart: i own the stocks for years and years and years, and hoping to retire on it, apparently not. >> he's doing a good job on the fox business network today e and that's all we have time for. microsoft is the only loser of the dow 30's. microsoft is down on the day when the dow jones industrial average is 150. never ever take investment advice from a foreigner, got it? i'm serious, what kind of idiot-- i saw this story many tim
which is up 5 1/4%. oracle also higher today, and this is on a deal that nokia is expected to announce. we will get more details, but we heard from the "wall street journal" yesterday that they are now working with oracle and now oracle will have some maps and some of that. now, nokia has been working hard on maps with other companies such as groupon and amazon, and all of this is to compete with apple as it has the maps. so this is why nokia is powering forward with maps. back to you. dagen: thanks. >>> breaking news europe's markets are just closing. ashley webster is here with the details on people with long names. ashley: buy them a vowel. dagen: every day. ashley: first day of the quarter begins with a nice bounce on the european markets. could have been helped by the ism number here in the u.s. i think it is the ryder cup bounce. sorry. dagen: hurt me. hurt me. ashley: you know what? ftse up about 1 1/2%. the cac up 2 1/2%. the dax up 1 1/2%. that's the last i'm going to say about the ryder cup. greece's brutal recession will stretch into a sixth year next year when the economy w
francisco begins tomorrow. oracle's open world will be held at mosconi center. more than 50,000 people are expected to attend that conference. it will include discussions about industry trends and future technology. oracle ceo larry ellison is expected to unveil a new database system. open world runs through next thursday. >>> for the first time, insta gram is reporting more users than twitter. the free photo sharing app reported having 7.3 million daily users in august. a big jump from march when it had less than 900,000 users. twitter had just 6.9 million users in august. >>>a security flaw may be putting cell phone users with google's android operating system at risk of losing their data. security researchers say opening a link that contains malicious code could trigger an attack that destroys the phone's memory card, erasing contents, music and photos. reservers say google has had a fix since learning about the problem this summer but hasn't publicized it. >>> los angeles want process football back. the l.a. city council has unanimously approved a plan to build a 72,000 seat stadiu
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